BlackRock, the world’s largest asset management firm, ended 2025 with 771,000 Bitcoins in its spot ETF, IBIT, cementing its position at the top of institutional Bitcoin adoption.
The fund now holds $67.5 billion in Bitcoin and has only a small amount of cash left over for operations, making it the largest and most liquid Bitcoin ETF in the world.
This impressive growth came as Bitcoin struggled throughout 2025, suggesting that Bitcoin’s institutional adoption was driven more by its structure, accessibility, and institutional demand than short-term gains.
In this regard, BlackRock CEO Larry Fink sees Bitcoin as a tool to protect capital against currency depreciation, budget deficits, and political instability, and has predicted that if large institutions allocate just 2-5% of their portfolios to Bitcoin,
the price of BTC could rise to $700,000.
